Ingredion Incorporated (NYSE:INGR) Shares Purchased by Triodos Investment Management BV

Triodos Investment Management BV grew its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company's stock after buying an additional 8,000 shares during the period. Triodos Investment Management BV owned 0.09% of Ingredion worth $8,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC purchased a new position in Ingredion during the 3rd quarter valued at about $86,000. Cerity Partners LLC raised its holdings in Ingredion by 3.9% in the third quarter. Cerity Partners LLC now owns 18,691 shares of the company's stock valued at $2,569,000 after acquiring an additional 694 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Ingredion by 9.4% during the 3rd quarter. D.A. Davidson & CO. now owns 4,018 shares of the company's stock worth $552,000 after acquiring an additional 345 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Ingredion by 33.2% during the third quarter. BNP Paribas Financial Markets now owns 49,237 shares of the company's stock worth $6,767,000 after purchasing an additional 12,270 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in Ingredion by 8.8% in the third quarter. Townsquare Capital LLC now owns 5,070 shares of the company's stock valued at $697,000 after buying an additional 412 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Price Performance

NYSE:INGR traded up $1.28 during mid-day trading on Tuesday, hitting $135.69. 104,158 shares of the company's stock traded hands, compared to its average volume of 449,492. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The company has a market cap of $8.71 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The firm's 50 day simple moving average is $131.59 and its 200 day simple moving average is $136.48. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44.

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Ingredion (NYSE:INGR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $1.65 earnings per share. Ingredion's revenue was down 6.3% compared to the same quarter last year. Sell-side analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.36%. Ingredion's payout ratio is 32.96%.

Insider Buying and Selling

In other news, CEO James P. Zallie sold 10,815 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INGR. BMO Capital Markets decreased their target price on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Stephens dropped their target price on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Oppenheimer cut their price target on Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $158.20.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.